ProShare Advisors LLC Makes New Investment in DocuSign, Inc. (NASDAQ:DOCU)

ProShare Advisors LLC purchased a new position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,849 shares of the company's stock, valued at approximately $886,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOCU. Quantinno Capital Management LP grew its holdings in shares of DocuSign by 17.5% during the fourth quarter. Quantinno Capital Management LP now owns 236,829 shares of the company's stock valued at $21,300,000 after purchasing an additional 35,283 shares during the last quarter. Morgens Waterfall Vintiadis & Co. Inc. bought a new position in DocuSign in the 4th quarter worth approximately $6,476,000. Pathstone Holdings LLC grew its holdings in DocuSign by 2.7% in the 4th quarter. Pathstone Holdings LLC now owns 141,057 shares of the company's stock worth $12,687,000 after buying an additional 3,714 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in DocuSign by 111.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 76,515 shares of the company's stock worth $7,116,000 after buying an additional 40,263 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in DocuSign in the 4th quarter worth approximately $2,422,000. 77.64% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total value of $608,720.00. Following the transaction, the chief financial officer now directly owns 86,156 shares of the company's stock, valued at approximately $6,555,610.04. This represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Teresa Briggs sold 534 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the transaction, the director now directly owns 8,270 shares in the company, valued at $722,880.70. This trade represents a 6.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,851 shares of company stock worth $3,912,239 over the last quarter. Corporate insiders own 1.01% of the company's stock.

DocuSign Stock Down 0.4%

Shares of DOCU traded down $0.34 during mid-day trading on Thursday, reaching $85.49. The company's stock had a trading volume of 479,111 shares, compared to its average volume of 2,759,256. The business has a fifty day moving average of $81.72 and a 200 day moving average of $85.85. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. The company had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. On average, analysts predict that DocuSign, Inc. will post 1.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DOCU shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th. UBS Group cut their target price on DocuSign from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Citigroup upped their target price on DocuSign from $113.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, March 14th. Jefferies Financial Group cut their price objective on DocuSign from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. upgraded DocuSign from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $70.00 to $75.00 in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $92.46.

About DocuSign

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.